Roger H. Stamper has some clear rules for picking stocks: No hot-stock tips, no fortune-cookie stuff just plain and simple. He looks for companies that consistently turn a profit. Then we load up on their stock, he explained in a telephone interview. The approach has paid off in spades for the Parkstone Small Cap Fund, which Mr. Stamper manages for First of America Bank Corp. For the five years ended Sept. 30, the portfolio produced an average annual return of 28.56%.
Mr. Stamper, 37, has been at the helm of the Parkstone Small Cap Fund since it was launched in 1988 with little more than $25 million of converted trust assets. Today it has more than $500 million under management. It is one of 15 funds in First of America's $5.4 billion-asset Parkstone Funds family, distributed by Bisys Group, Columbus, Ohio.